OneFlor USA Announces Leadership Team
Houston, TX, May 19, 2022-OneFlor USA has announced its executive team, consisting of flooring industry veterans with a focus on the resilient category.
Today's Flooring News
Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.
Jobless Claims Rose to 218K in Week Ending May 14
Washington, DC, May 19, 2022—In the week ending May 14, the advance figure for seasonally adjusted initial claims was 218,000, an increase of 21,000 from the previous week's revised level, according to the Department of Labor.
Architecture Billings Declined Slightly in April but Remained Positive
Washington, DC, May 18, 2022—The American Institute of Architects’ (AIA) Architecture Billings Index score for April was 56.5 compared to 58.0 in March.
Lowe's Net Sales Rose 3% in Q1, Earnings Flat
Mooresville, NC, May 18, 2022— Lowe’s reported net sales of $23.7 billion for Q1 2022, a 3% increase compared to $24.4 billion in Q1 2021.
Total Construction Starts Rose 3% in April, Says Dodge
Hamilton, NJ, May 18, 2022-Total construction starts rose 3% in April to a seasonally adjusted annual rate of $945.8 billion, according to Dodge Construction Network. Nonresidential building starts rose 6% and residential starts increased by 4%, while nonbuilding starts fell 4%.
April Housing Starts Declined 0.2% from March but Rose 14.6% YOY
Washington, DC, May 18, 2022—Privately-owned housing starts in April were at a seasonally adjusted annual rate of 1,724,000, 0.2% below the revised March estimate of 1,728,000 but 14.6% above the April 2021 rate of 1,505,000, according to the U.S. Census Bureau.
Starnet Names New Board Officers & Directors
Columbus, OH, May 18, 2022—On May 14, Starnet Worldwide Commercial Flooring Partnership held a shareholder meeting for its voting stockholders of record.
Mortgage Applications Declined 11% in Week Ending May 13
Washington, DC, May 18, 2022—Mortgage applications decreased 11.0% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 13, 2022.
Retail Sales Strong in April Despite Inflation
Washington, DC, May 18, 2022—Americans continued to pump money into the U.S. economy in April, with increased retail spending offering the latest sign consumers are driving demand at stores and manufacturers despite the pinch from high inflation, reports the Wall Street Journal.
Dates for Surfaces 2023 Announced
Las Vegas, NV, May 18, 2022—Surfaces 2023 (The International Surfaces Event/TISE) will take place January 31 to February 2, 2023.